The Toll Brothers Inc (TOL) Shares Bought by Jennison Associates LLC

TOL shares bottomed near a key trendline

TOL shares bottomed near a key trendline

US luxury homebuilder Toll Brothers said on Tuesday it had not seen a potential change in buyers' behavior on the back of a looming USA tax reform and that it is encouraged by the potential cut in corporate tax rates. Comerica Bank now owns 118,554 shares of the construction company's stock worth $5,395,000 after acquiring an additional 3,152 shares in the last quarter. Independent Advisor Alliance bought a new stake in Toll Brothers during the fourth quarter worth approximately $100,000.

Omnicom Group Inc.is maintained at an average hold rating by 16 stock analysts, and there are at least 10.54% of shares outstanding that are now legally short sold. The stock now has an average rating of "Buy" and a consensus target price of $44.71. Teacher Retirement System of Texas lifted its stake in shares of Toll Brothers by 58.4% in the 3rd quarter. Canada Pension Plan Investment Board now owns 253,200 shares of the construction company's stock worth $10,500,000 after purchasing an additional 35,200 shares during the period. Bank of New York Mellon Corp increased its position in shares of Toll Brothers by 56.1% in the third quarter. The last close places the company's stock about $4.21 off its 52 week high of $17.48 and $1.79 above the 52 week low of $11.48. Institutional investors own 82.52% of the company's stock.

Several equities research analysts recently commented on TOL shares. (:NSPR). At the time of writing, the First Call consensus price target for the company is $3.00. Keefe, Bruyette & Woods reiterated a "hold" rating and issued a $40.00 price objective on shares of Toll Brothers in a report on Sunday, October 8th.

Analysts expect Restoration Hardware Holdings, Inc (NYSE: RH) to post quarterly earnings at $1.04 per share on revenue of $591.00 million after the closing bell.

In the most updated research from a number of analysts on Wall Street, the company gets 12 Buys and 1 Sell among 22 analysts. The stock has "Hold" rating by Compass Point on Thursday, August 27. The Ultimate Oscillator value for this stock is now 63.533, indicating that it has become Buy. $41.05's average target is -12.72% below currents $47.03 stock price. South Dakota Inv Council owns 1.11 million shares or 0.93% of their U.S. portfolio. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Richard T. Hartman sold 8,537 shares of the firm's stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $39.97, for a total transaction of $515,613.00. River Wealth Advisors LLC now owns 19,770 shares of the construction company's stock worth $781,000 after buying an additional 350 shares during the last quarter. The disclosure for this sale can be found here. The stock decreased 0.05% or $0.0501 during the last trading session, reaching $91.3599.

The industry-wide Asset Turnover is 0.71, while that of Toll Brothers Inc (NYSE:TOL) is now 0.58. The volume of TOL witnessed a shift from 5 million shares, based on a 50-day average, to 1.91 million shares. The firm has a market capitalization of $8,124.77, a P/E ratio of 18.47, a PEG ratio of 1.06 and a beta of 1.57. Toll Brothers Inc has a 1-year low of $30.44 and a 1-year high of $51.08.

Toll Brothers (NYSE:TOL) last posted its earnings results on Tuesday, May 23rd. The construction company reported $1.17 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $1.19 by ($0.02). Toll Brothers had a return on equity of 10.44% and a net margin of 8.12%.

Revenues for Q4 2017 were $2.03 billion, up 9% compared to Q4 2016's $1.86 billion.

The year-ago quarter was hit by a $121.2 million warranty charge.

Toll Brothers, Inc. (NYSE: TOL) has grabbed attention from the analysts when it experienced a change of -6.61% in the current trading session to trade at $47.31.

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And home building deliveries were 2,424 units, also up 9%. The firm operates through two divisions, Traditional Home Building and City Living.

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